Mountain Warehouse has acquired Eastern Mountain Sports (EMS) for US $8.8m. This acquisition includes seven profitable stores, the EMS brand, website, and other assets. The deal is expected to save around 100 jobs that were in jeopardy after EMS filed for Chapter 11 protection in June. Mountain Warehouse plans to continue operating EMS as a standalone brand and aims to extend its reach to other territories. CEO Mark Neale highlighted the potential of EMS, noting its strong reputation and passionate workforce. Mountain Warehouse has been successful in the US for over a decade and also operates in Australia, Germany, and the Netherlands.
Retail, E-Commerce,United States, Global